ICIS can help you get better insight into the global energy markets. We offer a joined up view of energy, feedstocks, and downstream supply and demand data, helping to support your transactional and strategic planning decisions.

At ICIS we provide price benchmarks, news, analysis and consulting for the global wholesale energy markets.

Whether you need forward prices to support your investment decisions; benchmark prices for your purchasing contracts; supply and demand data for your trading activities or independent strategic advice about how long term trends could impact your business…

…ICIS offers a range of solutions and expertise to give you a competitive advantage in the marketplace.

With over 20 years of experience in the energy markets and over 600 staff based around the world, ICIS gives you accurate information direct from the market.

News & analysis

Regional overview

Regional overview

The Chinese government hiked gasoline retail ceiling prices once and cut three times over the first quarter of 2014 as international crude prices fluctuated. The wholesale price fell by 3.7%, compared with the price at the end of 2013, because of a demand lull season.

Gasoline consumption in the period declined slightly from the last quarter of 2013. China’s gasoline-fueled vehicles fell by 9% quarter on quarter in January-March. Furthermore, unfavourable weather conditions in most regions also lowered the gasoline consumption. At the same time, ICIS C1’s survey showed a 2% increase in the consumption of compressed natural gas (CNG) for cars during this period from the end of 2013. CNG is a substitute for gasoline.

Diesel:

China’s diesel prices slumped by 8.7% in the first quarter, as demand from the agriculture, infrastructure and industry sectors fell to the bottom due to the Lunar New Year holiday as well as a sluggish economy. Supply was sufficient as few major refineries were shut for maintenance on low temperatures. China maintained high gasoil exports in the period in view of the oversupply. However, stocks still built up. The country may cut its gasoil exports in the second quarter of this year when supply is expected to drop and demand is expected to increase.

China’s gasoil exports averaged 350,000 tonnes per month in January-March, largely flat year on year, because of supply glut.

Price reporting

Price reporting

The reports include analysis on developments, details on petroleum supply and demand and capacity expansion plans.

Insights into key players across China, petroleum product flows along with information on developments across new and alternative energy ensure readers can access independent and trustworthy information.

Editor

Price history

Price history

ICIS offers an unmatched historical data series thanks to its pioneering work on the energy markets. Whether you are looking to build pricing models, analyse past trends or strengthen your risk management strategy, ICIS historical data will help you make better decisions and complete your data archive.

Our historical pricing information includes price assessments, indices and trades and - for some markets - stretches as far back as 1994. Our historical data suite can provide you with: price assessments and trades for Europe's most liquid hubs; benchmark indices series for flagship NBP market; unrivalled price history for seven European power markets; LNG price assessments, pool prices and trades; detailed pricing information for the crude oil, carbon and coal markets; tailored packages to suit your needs.

For further information on how to access the data, please call the sales team on +44 (0)20 7911 1919.

Methodology

ICIS price assessments are based on information gathered from a wide cross-section of the market, comprising consumers, producers, traders and distributors from more than 250 reporters world-wide. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments.

Our in-depth market knowledge drives our specialist focus, as we recognise the importance of individual market dynamics and not a one-size-fits-all approach.

The ICIS China Petroleum Annual Report provides fundamental insights into 2014’s drastic developments, when demand growth fell to just 1.1%. A comprehensive review of the market situation and outlook, the report includes key data, analysis and forecasting.